AGSW(600199)2025-01-16 09:40Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -291 million and -201 million yuan, with a net profit after deducting non-recurring gains and losses expected to be between -300 million and -210 million yuan [3]. - In the same period last year, the total profit was 3.4463 million yuan, and the net profit attributable to shareholders of the parent company was -22.0696 million yuan, with a net profit after deducting non-recurring gains and losses of -57.6064 million yuan [5]. - The preliminary financial data provided is subject to change and will be finalized in the audited annual report for 2024 [8]. - There are no significant uncertainties affecting the accuracy of this earnings forecast as of the announcement date [7]. - The earnings forecast has not been audited by a registered accountant [4]. - Investors are advised to pay attention to investment risks based on the preliminary nature of the forecast data [8]. Revenue and Sales Performance - The decline in revenue is primarily due to decreased sales of chassis products, with price sensitivity among consumers leading to reduced willingness to purchase [6]. Expenses and Investments - Increased expenses are attributed to significant investments in brand building and promotional activities for the Fuhuo Xiang series products, which included major events and online marketing efforts [6]. - The company established deep cooperation with nearly 10,000 top tobacco shops throughout the year, enhancing core terminal construction [6]. - The company has increased hardware investments to improve distributor capabilities and support for Fuhuo Xiang customers [6].